Scottish Provident has repriced its life and critical illness cover.

Rates have been reduced by up to 3.4% for critical illness cover and 5.3% for life cover.

For example, a female, non-smoker, aged 40, on a 20 year critical illness policy of a decreasing lump sum of £100,000 would previously have paid £30.14 a month. As a result of today’s re-pricing, a new customer of this criteria will now pay £29.11 – a saving of 3.4%.

Susan Barclay, head of marketing, Scottish Provident, said: “It is more essential than ever for people to have a financial safety net in place that they can rely on should the worst happen. With the backdrop of millions of Britons without adequate provision